02/24/2025
Good morning, Middle Tennessee! Here’s a friendly snapshot of our local market as we kick off the week:
Homes in Nashville are moving fast—median prices are around $435,000, reflecting a steady 6% increase over last year. While the pace of change is exciting, the inventory is a bit tighter than usual, with about 20% fewer homes available than we typically see this season. That means properties are spending roughly 25 to 30 days on the market before finding new owners.
Mortgage rates are holding firm between 6.5% and 6.8%, offering a stable environment for buyers. Plus, neighborhoods in Murfreesboro and Franklin are increasingly in demand, especially as more people embrace remote work and the benefits of extra space.
These trends highlight a dynamic market full of opportunities. If you’re considering a move or just curious about what these changes might mean for you, let’s chat and explore your options together.
